Listen "#015 - How Finance Brokers Are Quietly Beating the Banks! 🏦 🔒"
Episode Synopsis
In this episode of RB Radio, hosts Frank and co-host Alex dive into the exciting world of the accommodation industry, featuring Paul Grant and Cameron Wicking from Mike Phipps Finance. Together, they explore the growing trend of using finance brokers for securing both home loans and commercial financing, and why having access to multiple options and personalized service can make all the difference.They discuss the critical importance of selecting not just the right bank, but the right representative to navigate the complexities of the industry and secure the best possible deal. Key insights include:-The rise of finance brokers in securing both home and commercial financing-Why having access to multiple banks and experts gives you more options and better deals-The importance of building relationships with the right banker for long-term success-How brokers can streamline the loan process and offer confidence to both buyers and sellers-Why personalized service is essential in today’s lending environmentFollow Resort Brokers: https://www.instagram.com/resortbrokers/https://www.facebook.com/ResortBrokersAustralia https://www.youtube.com/@resortbrokersau https://www.tiktok.com/@resortbrokersauFollow Mike Phipps Finance:https://www.instagram.com/mikephippsfinance/Timestamps: 00:00:00 - Introduction00:00:00 - Introduction to the Accommodation Industry00:01:17 - Meet the Guests from Mike Phipps Finance00:02:38 - Specialization in Accommodation Finance00:03:03 - Benefits of Using a Finance Broker00:04:36 - Advocacy and Cost of Broker Services00:05:36 - The Evolution of Mortgage Broking00:06:54 - Importance of Relationships in Finance00:08:04 - Confidence for Buyers and Sellers00:09:36 - The Role of Finance Brokers Beyond Transactions00:10:05 - Annual Reviews and Bank Interactions00:12:05 - Human Element in Banking Decisions00:12:37 - Impact of the International Economy00:13:38 - Interest Rates and Market Confidence00:15:03 - Resilience of the Accommodation Industry00:16:26 - Structural Changes in Banking00:18:10 - Shifting Bank Policies and Risk Appetite00:19:38 - Navigating Different Banks for Transactions00:21:30 - The Value of Independent Brokers00:22:13 - Interest Rate Trends and Market Dynamics00:25:16 - Cyclical Nature of the Accommodation Market00:27:21 - Advice for New Operators in the Industry
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